Square Partners with Homegrown to Help Sellers Fund Their Next Location
Opening a new location is one of the biggest milestones a business owner can reach. It’s proof that what they’ve built is working, and that their community wants more of what they offer. But for many multi-location Square sellers, getting the capital needed to make that next location a reality has meant navigating options that weren’t built with them in mind: personal guarantees, rigid repayment schedules, or financing structures that dilute a seller’s stake in the business they painstakingly built.
That’s why today we’re announcing Expansion Capital, powered by Homegrown – a new financing option built by Homegrown exclusively for eligible multi-location Square sellers who are ready to grow.
Capital to Meet the Moment
Square’s financing tools are built for the working capital needs of businesses of all sizes. Expansion Capital is built for a specific moment: when a seller is ready to open their next location and needs financing that matches the scale and complexity of that decision.
Through this pilot program, eligible sellers can access up to $1 million in expansion financing from Homegrown, typically repaid between a 2-4 year period, with no personal guarantees, no equity dilution, no balloon payments, and payments that flex based on monthly revenue – adjusting between 1% to 6% based on how the business is performing.
“At Square, we’ve spent over a decade making sure local business owners have access to capital on fair terms, and we’ve seen firsthand what happens when the right financing reaches sellers at the right moment,” said Andrea Raj, Square Banking’s Head of Product. “Partnering with Homegrown to provide sellers with a new capital option is about extending that same commitment to a new stage of growth: the moment a seller is ready to take it further. We’re excited to bring this option to the sellers who qualify.”
Built Around the Businesses That Power Neighborhoods
Square has always believed that local businesses – from the neighborhood cafe that’s become a community staple, to the two-location brewery eyeing a third spot – deserve access to the financial tools they need to keep growing. Homegrown shares that belief and brings deep expertise in providing expansion capital for multi-location operators who need it most.
Expansion Capital is the latest example of our ongoing commitment to expanding access to financing for sellers at every stage of their journey, ensuring they have the right tools for the right moment. For more information on the pilot program, sellers can visit www.joinhomegrown.com/square